This is a Master Limited Partnership stock in Oil/Gas industry thtough wholly owned subsidiary, Sabine Pass LNG, we will develop, own and operate the Sabine Pass LNG.
CQP will make quarterly cash distributions on its common units of at least $0.425 per unit, or $1.70 per year, to the extent that it has available cash. Such quarterly cash distributions will be made within 45 days after the end of each quarter, beginning with the quarter ending March 31, 2007, to unit holders of record on the applicable record date. However, there is no guarantee that CQP will have a sufficient amount of available cash on hand to pay the minimum quarterly distributions on the units in any quarter.
Q. What is an MLP?
A. MLP stands for master limited partnership. It is a limited partnership that is publicly traded on a securities exchange. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities. MLPs are limited by law to apply to enterprises that engage in certain businesses, mostly pertaining to the use of natural resources, such as petroleum and natural gas extraction and transportation. MLPs pay their investors through quarterly required distributions (QRD), the amount of which is stated in the limited partnership agreement between the limited partners (the investors) and the general partner (the manager). Equity ownership in MLPs is referred to as “units”.
taken from http://phx.corporate-ir.net/phoenix.zhtml?c=207560&p=irol-faq
(Additional details are available here).
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